Gencer Cigdem 4

What Happened
Gencer Cigdem, a director of Bank of Marin Bancorp (BMRC), received 849 shares on July 1, 2026 as payment of director fees. The filing shows an acquisition (transaction code J) at $28.94 per share, for a total value of $24,570. This was a compensation issuance rather than an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-07-01 — 849 shares at $28.94 each (total $24,570).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — shares received in payment of director fee.
• Transaction code: J (other acquisition/disposition).
• Filing timeliness: Report filed on 2026-07-01 (same day as the reported transaction), so appears timely.

Context
Receiving shares as director compensation is a routine corporate practice and reflects pay structure rather than a straightforward buy/sell decision by the insider. Such compensation transactions are informative about how the company compensates directors, but they do not necessarily signal the director’s view on the stock’s near‑term prospects.